SAP GRC Training in Hyderabad: What is SAP GRC (Governance Risk Compliance)?

SAP Governance, Risk and Compliance solution empowers organizations to maintain regulations and compliance and eliminate any risk in managing organization operations. According to changing a market situation, organizations are developing and rapidly changing and unsuitable documents, spreadsheets are not acceptable for external auditors and regulators. Accommodate quickly to changes in the economy, technology, and regulations with governance, risk, and compliance (GRC) features that strong then your business. Simplify GRC with automated functions that integrate with your existing processes.

What is SAP GRC

SAP GRC software is not limited to just the IT department but can be included for business, compliance, auditing, and security as well. This software combines all the applications that are needed to manage the core functions of GRC into one integrated package. This makes it possible for managers to use just a single structure for monitoring and regulating the procedures. In addition, the necessity of having separate storage areas is reduced. The complexity of governance processes is greatly reduced and multiple installations help in reducing costs along with other risk factors.

All company needs to manage its governance requirements and with certain regulations. It is important to manage these risks in order to prevent organizational processes. Though there were different ways of proposing these areas in the past, the SAP GRC software has made the act much comfortable, reliable and faster in present times. This software helps an organization have regular and systematic methods for managing its GRC related strategies.

SAP GRC uses various methods to test and refine operational procedures that a business requires to function, in order to highlight any potential risks and work through to a mutually agreed solution. Risks can be identified in all areas of your business, but the three main areas which are looked at initially are; Access Control, Process Control, and Risk Management. There are ways in which all three of these areas can be a risk to your business and can be not fully recognized, and this is where SAP GRC becomes so valuable.

SAP Governance, Risk, and Compliance maintains organization to control their regulations and compliance and implement the following activities

· Simple integration of GRC activities into existing process and automating GRC activities.

· Cheap complexity and managing risk efficiently.

· Increase risk management activities.

· Managing fraud in business processed and audit management effectively.

· Organizations perform better and companies can protect their values.

· SAP GRC solution consists of three main areas: Analyze, manage and monitor.

Protecting your Business with SAP GRC

SAP or Systems, Analysis and Processes is one of the leading systems for business today, and as with any system, it is imperative that there are checks and measures in place to ensure the smooth operation of the system at the user end. Regardless of which of the SAP systems your business has in place it will need a strategy that will carry it through any eventuality and beyond, whilst maintaining corporate accountability. To ensure that this process occurs, it is essential that SAP GRC or, Governance, Risk and Compliance are closely monitored.

In order to ensure effective and productive IT procedures through SAP GRC, these three areas, along with others should be refined to meet the exact needs of your business. There are three main SAP GRC areas which you should concentrate on in order to provide a seamless strategy for your business, and these are:

SAP GRC Services

§ Risk Management

Risk Management by having your businesses risks checked and identified you will be gaining maximum performance for your business and incurring minimal penalties, which often can be incurred through simply overlooking certain aspects of your procedures. We can assist with risk management by thoroughly inspecting all of your processes and highlighting any areas which could present a risk to your business. This can be a highly useful assessment which can present risks that may not have even been considered previously. Once these risks are pinpointed we can work with you and your business to provide you with a cost effective solution to any problem that may present itself.

§ Access Control

Access Control this is one area that many businesses unwittingly overlook, believing that the security systems in place for their IT procedures are sufficient and do not pose a threat or risk to the security of their records and databases. By using SAP GRC holes in these security systems can be exposed and once again, solutions can be found to tighten security for your business. Often the security procedures that are in place for a business are not being fully complied with and it is not the security measures that present the risk, but the users. If this is found to be the case, we can assist you to come up with a complete training package to roll out to all staff. Access control is one area that should not be taken lightly as fraud is on the increase and the use of SAP GRC can cut down on this activity and prevent your customers and yourself from being victims.

§ Process Control

Process Control any of the processes in your business could be the weak link in the chain of operations and it is crucial that SAP GRC is used to create the perfect process control. We can help you to make process control come under central control and therefore be much more accessible and accountable when changes need to be made. By using SAP GRC for your business you can ensure that all systems and processes are fine tuned to prevent access problems, fraud and other security risks that may present themselves as well as maintaining a system that runs smoothly and is tailor made for that individual business. Many businesses do not appreciate the full implications of ignoring SAP GRC and unfortunately only realize this when security is seriously breeched, or worse.

Key Benefits of SAP GRC

Surely, the top management enjoys the holistic benefit factors that are a part of the GRC software. However, the benefits spread out to other departments and people too. Some of them are:

Stake holders of the company.
Legal counselors who overlook the legal requirements and records of the company.
Business executives who deal with risk management. SAP GRC helps them in identifying and managing risks in a proper manner.
IT managers who deal with the implementation of software that is related to various GRC projects in an organization.
The finance department, which is responsible for meeting all regulatory requirements.
Accounting for risk at every stage improves upon the performance stakeholders, organizational processes and strategic decisions alike thus improving their performance and productivity.

SAP GRC Training at SAPVITS

SAPVITS brings to you its knowledge and expertise of over 9 years in SAP Online Training and SAP consultancy. Our SAP Course content is designed with certified and experienced SAP consultants and aims to offer tailored and customized learning. Stay relevant and advance with SAPVITS.

As the trusted online learning partner, we focus on providing Online SAP Training that are in line with today’s business scenario. SAPVITS provides SAP Online Courses, SAP online Training with certifications and server access facility for all SAP modules including SAPGRC Online Training.

SAP GRC Training covers Access Risk, Emergency Access Management, Access Request Management, Role of Business Management and Migration from GRC 5.3 to GRC 10.0. This Module also provides a more detailed streamline focusing on Access Control, Process Control, Risk Management and Global Trade Services. Following are some of the courses for which SAPVITS is more famous:

1. SAP Simple Finance Training in Hyderabad

2. SAP Basis Training in Delhi

3. SAP S/4 HANA Simple Logistics Online Training

4. SAP FICO Training in delhi

5. SAP SD Training in UK

6. SAP C4C Training in Banagalore

7. SAP HR Training London

8. SAP MM Training in Pune

Contact us:

Website: http://www.sapvits.com/

Email ID: info@sapvits.com

IND: +91 880 532 2100